Four Success Stories
Vendors account for more than 30% of a typical hospital’s revenue cycle budget. What does it take to ensure a full return on that investment?
1. First, it takes a level of transparency that goes far beyond what most hospitals currently have—transparency that encompasses all vendors and accounts.
2. Second, it takes vendors who embrace opportunities for improvement and who see themselves as extensions of the hospital and, thus, are equally committed to the hospital’s success.
3. Third, it takes technology that continually audits account activity to identify problematic trends so they can be addressed before negatively impacting the bottom line.
Following are the stories of four hospitals who have successfully achieved all of the above.